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The Firestone plant site in North Memphis is one of nine across the city the Greater Memphis Chamber is seeking grant funding for as the chamber starts to role out an economic development policy shift on its part. Here is what it means on several levels as well as the eight other sites in the Memphis area that are on the grant applications.

In an effort to support credit and financial counseling of Memphis residents, more than a dozen local banks that banded together last year to form the Memphis Area Community Reinvestment Act Association are preparing to host their first collective event this weekend.

Robert Shaw is among the Memphis banking executives looking forward to what the rest of 2018 will bring. He is CEO of Memphis-based Paragon Bank, which at the end of February announced record-breaking revenue and pre-tax income for the fourth quarter of 2017. The numbers were driven by solid loan growth, a healthy net interest margin and continued attention to controlling expenses.

Sometimes when you look at the Election Commission filings in an election season and no one has so much as pulled a petition let alone filed one, your thoughts tend to be along the lines of what is there to focus on beyond the day-to-day activity. And then you get a press release by email that really makes you remember the volatility of this whole business of running for elected office.

Steve Weaver has been appointed senior vice president, senior loan officer, at Paragon Bank. He brings with him more than 27 years’ experience in the banking industry, most recently at Simmons Bank, where he served as Southwest Tennessee market president and spearheaded the institution’s entry into the Memphis market in 2013.

The biggest banks in Memphis made aggressive pushes this year to raise their profiles and expand footprints, as competition in the sector heats up and the industry continues winning back the strength it enjoyed before the bust of 2008.

Rhodes College has appointed Russell Wigginton vice president of student life and dean of students. In his newly created role, he will provide leadership for student success and help shape the campus culture for a diverse and inclusive student body.

Bo Allen speaks from experience when he describes the current residential real estate market as tilted toward sellers. Demand is so abundant at the moment that Allen, who’s also First Tennessee Bank’s West Tennessee president, saw his family’s East Memphis home get sold the same day it was put on the market.

John Paul Shaffer recently was named executive director of BLDG Memphis, the rebranded entity that brings the Community Development Council of Greater Memphis and Livable Mem-phis under a single organizational identity. In his new role, Shaffer’s job is to guide the organization in its mission of supporting neighborhood revitalization through a network of organizations and individuals working in the community development space – which BLDG Memphis does primarily through organizational capacity building, community education and engagement, and public policy and advocacy – as well as to promote the new brand.

Primacy II, a 123,265-square-foot East Memphis office building, has a new owner thanks to a huge $17 million deal.

Nashville-based Priam Capital purchased the office building located at 6055 Primacy Parkway near the intersection Ridgway Road and Park Avenue from The Southland Companies for $16.6 million, according to a warranty deed filed with the Shelby County Register of Deeds April 11.

Having shaken off most of the losses and other problems related to the housing crisis, new figures from the Federal Reserve Bank of St. Louis show Memphis-area banks on the whole are getting bigger and have balance sheets that keep looking stronger.

2017 may be another busy stretch for mortgage bankers in Shelby County, if the atypically busy start to the year is any indication.

Purchase mortgage volume came out of the gate strong in January, rising 28 percent to a little more than $112 million compared with $87.4 million in the year-ago period, according to the latest figures from real estate information company Chandler Reports, chandlerreports.com.

Tom Moorman has been named chief scientist of Memphis-based Ducks Unlimited, the world’s largest nonprofit dedicated to conserving North American waterfowl habitats. Moorman, who will take over from retiring chief scientist Scott Yaich on March 1, has worked for DU for more than 25 years, most recently serving as head of its 13-state Southern Region. As chief scientist, Moorman will serve as DU’s leader on waterfowl and habitat science, provide vision and direction in addressing DU’s science needs and ensure it maintains its standing and credibility as a top-notch science-based organization.

Nashville-based Priam Capital has expanded its Memphis portfolio with the purchase of a 45,000-square-foot office building along the Poplar corridor.

Priam, acting as 5400 Poplar LLC, purchased the office building at 5400 Poplar Ave. from HBAM Member Services for $5.7 million, according to a Jan. 31 warranty deed filed with the Shelby County Register of Deeds.

Nashville-based Priam Capital has expanded its Memphis portfolio with the purchase of a 45,000-square-foot office building along the Poplar corridor.

Priam, acting as 5400 Poplar LLC, purchased the office building at 5400 Poplar Ave. from HBAM Member Services for $5.7 million, according to a Jan. 31 warranty deed filed with the Shelby County Register of Deeds.

Markel Crawford and Dedric Lawson each scored 24 points as the University of Memphis defeated Tulane 80-59 on Saturday, Jan. 7, in New Orleans.

Crawford was a career-best 5 of 6 from 3-point range and hit 8 of 11 shots overall. He also picked up American Athletic Conference Player of the Week honors after averaging 21.5 points and 4.5 rebounds for the week. Lawson added 10 rebounds to his effort for his 13th double-double of the season. He also had five blocks, three assists and two steals. Lawson made the AAC Weekly Honor Roll.

Memphis-based FedEx Corp. rightfully is considered an economic bellwether because of the front-line view the package delivery giant has on economic activity thanks to consumers’ purchasing and shipping habits.

If mortgage bankers in Shelby County were expecting things to start winding down for the year in November, the pace of activity for the month kept them unexpectedly busy.

Purchase volume soared during November over the year-ago period, according to new figures from real estate information company Chandler Reports, www.chandlerreports.com. October had already seen a year-over-year pickup in activity to kick off the fourth quarter, and that pattern continued last month.

Gary Johnson, director of the Shelby County Governmental Law Library, is celebrating his 50th year as a librarian. In his current role, he directs the county law library’s operations, including budgeting, staffing and library services, and reports to a 10-member board that include nine attorneys and one judge. When asked about his longevity in the field, Johnson says the libraries where he’s worked – which include public, school and law libraries – have been different enough to keep him challenged and interested.

John “Jack” Daniels has rejoined Mahaffey Tent & Event Rentals as director of operations, a role he has previously held. Daniels brings more than 20 years of experience in event planning and operations. He most recently was a service manager at NES Rentals’ Cordova and Memphis branches. He also currently owns EventOps, an event company that specializes in corporate events and managing event budgets.

Good morning, Memphis – and happy Halloween! From the Indie Memphis Film Fest to the long-awaited opening of the Midtown Kroger, there’s plenty of exciting happenings to keep you busy in the coming days. Peruse what’s going on in The Week Ahead while you munch on the candy you’re supposed to be saving for the trick-or-treaters. (We won’t tell.)

Morgan Tate has been named principal property manager of River City Land Co.’s property management division. A fourth-generation real estate professional, Tate joined the team at River City Land Co. in 2008 and began working for the firm’s property management division in 2012.

Amanda Sparks has joined Westminster Academy as the head of upper school for the 2016-17 school year. Sparks, who previously was principal of Haw River Christian Academy in Pittsboro, N.C., will lead the upper school faculty and staff in providing classical academics and a Christian culture for grades 7-12.

The month of July heralded the same story for Shelby County’s mortgage market that’s been unfolding for a while now, and especially since the beginning of the year.

A combination of continued low rates, an improving local economy and buyers who feel better about their futures led to a 5 percent gain in purchase mortgage volume for July. That’s according to real estate information company Chandler Reports, www.chandlerreports.com.

The biggest banks based in Memphis keep getting bigger. New figures from the Federal Reserve Bank of St. Louis through the first quarter show broad-based improvement among banks in the Memphis-area market, from growth in net income to loans to total asset size.

Lauren Lowe has been promoted to managing director of The PFM Group, a leading provider of independent financial and investment advisory services to state and local governments and not-for-profit institutions. Based in PFM’s Memphis office, Lowe serves the firm’s municipal advisory clients. Her areas of expertise include debt transactions and structuring, strategic planning, pricing and cash flow analysis as well as advising many of her local government clients on policy development.

Shelby County’s mortgage market kicked off the second quarter by posting strong numbers for April, a continuation of where the mortgage market has been heading so far this year.

Last month’s total purchase mortgage volume stood at a little more than $168 million, up from April 2015’s total of a little more than $128 million, for a gain of 31 percent. That’s according to real estate information company Chandler Reports, www.chandlerreports.com.

Melzie Wilson, vice president of compliance at Mallory Alexander International Logistics, has been appointed to the U.S. Department of Commerce’s Advisory Committee on Supply Chain Competitiveness by secretary of commerce Penny Pritzker. In her role at Mallory Alexander, Wilson is responsible for all government regulations the company must comply with, both in the U.S. and globally. She’s also responsible, along with a compliance team, for ensuring Mallory Alexander’s clients stay compliant.

Thomas “Tee” Shipmon has joined Paragon Bank as senior vice president, specialty lending. In this role, Shipmon is responsible for developing products for Paragon that solve customers’ challenges and that are profitable to the bank. Currently, specialty lending is providing short-term commercial construction loans to companies, often franchisees, that are expanding operations.

Ronald Murphy has joined Paragon Bank as vice president, aircraft lending. Murphy – who worked at Paragon from 2005 to 2008 as senior vice president, aircraft lending – will originate and service aircraft loans for the bank by developing relationships with dealers, brokers and end users of business aircraft.

Julia Sledge has joined Paragon Bank as portfolio manager in private banking. Sledge has more than 30 years of experience in the banking industry, holding leadership positions at both Union Planters Bank and Cadence Bank. In her new role, she’ll provide service and support to Paragon’s private banking team.

When Memphis-based Paragon Bank recently reported record third-quarter revenue, the highest total loans in the bank’s history and a big drop in nonperforming assets, Paragon CEO Robert Shaw was unequivocal.

Paragon Bank saw record revenues in the third quarter, as well as the highest total loans in the bank’s history and an improved net interest margin, the bank announced this week. The strong quarterly performance stems from a 57 percent drop in nonperforming assets, which are at their lowest levels since 2007, and the continued progress of Paragon's Atlanta-based Small Business Capital Group. Due to increases in Small Business Administration income, mortgage income and solutions product income, core non-interest income for the first three quarters of 2015 increased 82.3 percent over the same period in 2014 to $910,000. Among highlights for the third quarter: • Total revenue for the quarter was $3.3 million, an increase of 3.1 percent over the second quarter of 2015 and 11.8 percent over third quarter 2014. • Nonperforming assets dropped 57 percent during the third quarter, from $5.7 million to $2.5 million. The ratio of nonperforming assets to total assets also dropped from 1.94 percent on June 30 to 0.84 percent on Sept. 30. • Gross loans increased $5.4 million, or 9.2 percent, during the third quarter to reach $237.5 million. Total deposits also increased 8 percent as of Sept. 30, while core deposits have increased 3.3 percent. – Andy Meek Gus's Fried Chicken Named

Heath Elliott has joined Mercedes-Benz of Collierville as general sales manager. In his new role, Elliott will manage the sales of all new and pre-owned cars sold at the dealership, which opened in 2014.

The U.S. Small Business Administration estimates that small businesses provide more than half of all American jobs.

But since the Great Recession changed the economic landscape in 2008, how those small businesses go about gaining funding to operate or upgrade has changed. In fact, while the economic downturn hit big business, it also had a major hand in reshaping the nation’s small businesses.

Kimberly O’Donnell has joined Trezevant as director of resident services. In her new position, she will be responsible for managing a variety of programs and functions while serving as liaison to the residential community.

Las Tortugas Deli Mexicana founder Jose "Pepe" Magallanes says customers have been asking for years that the restaurant he opened in 2003 add more locations to complement its existing Germantown-area presence.

Jason D. Salomon, one of the 25 lawyers in Tennessee certified as an estate planning specialist, has joined Harkavy Shainberg Kaplan & Dunstan PLC as a member of the firm. Salomon focuses his practice primarily in the areas of estate planning, trust implementation and probate administration. He also addresses issues regarding disability planning, elder law, nonprofits and small-business succession.

Flush from its newly announced acquisition of Magna Bank and the hire of a team from First Tennessee Bank, the newest entrant into the Memphis banking market already is looking down the road, planning more hires and a careful expansion of Magna’s existing footprint.

The last month of the first quarter showcased a Shelby County mortgage market with abundant vitality, including evidence that plenty of demand exists among buyers eager to sign on the dotted line.

Mortgage volume countywide grew 23 percent in March compared to the same month a year ago, according to real estate information company Chandler Reports, www.chandlerreports.com. Year over year, volume last month rose to a little more than $126 million, up from $103.1 million in March 2014, and lenders say continued low rates are one reason why.

Paragon Bank is blowing out a milestone candle on its birthday cake this year.

The Memphis-based bank is celebrating its 10th anniversary, and to coincide with that it’s planned a yearlong #10for10 campaign that features a number of celebratory events the bank has planned in honor of its anniversary and community-focused mission.

Paragon Bank has closed the book on 2014, an active year for the bank with milestones that included, among other things adding a wealth solutions team, executing new leases for two banking centers and forming a small business capital group.

Paragon Bank has chosen Troy Wheetley as the bank’s first vice president of information technology.

He’ll report to Lewis Perkins, the bank’s executive vice president and chief financial officer. In his new role, Wheetley is responsible for overseeing daily operations in the information technology department, including working with management to set strategic initiatives, building technology plans and establishing information security standards to benefit both customers and employees.

Paragon Bank has chosen Troy Wheetley as the bank’s first vice president of information technology.

He’ll report to Lewis Perkins, the bank’s executive vice president and chief financial officer. In his new role, Wheetley is responsible for overseeing daily operations in the information technology department, including working with management to set strategic initiatives, building technology plans and establishing information security standards to benefit both customers and employees.

The mortgage market in Shelby County ended 2014 in a slighter better position than where it stood in 2013.

Banks and mortgage lenders made 8,471 purchase mortgages in Shelby County during 2014, up 2 percent from the 8,301 mortgages during 2013, according to the latest data from real estate information company Chandler Reports,www.chandlerreports.com.

Dr. Barden Greenfield has been unanimously voted president-elect for the American Veterinary Dental College. In 2009, Greenfield started Your Pet Dentist, the umbrella that incorporates his involvement in Memphis Veterinary Specialists, Nashville Specialists and the Animal Emergency and Specialty Clinic of Little Rock. He has been on the AVDC board for three years, serving as chair of the PR Committee and as a member of the Credentials Committee.

Partly driven by an uptick in loans, Memphis-based Paragon Bank turned in another positive showing during the third quarter, with year-to-date pre-tax earnings 35 percent higher than in the first three quarters of 2013, the bank said.

Paragon Bank has formed a wealth solutions division, a group of six led by president and managing director Dan Overbey, in a move beyond its traditional banking services to offer a new suite of products to customers.

Paragon Bank has formed a wealth solutions division, a group of six led by president and managing director Dan Overbey, in a move beyond its traditional banking services to offer a new suite of products to customers.